Alphabet shares fell sharply last week after its September-quarter results, which showed 25% revenue growth but missed expectations on both revenue and adjusted earnings per share. Revenue of $127.6 billion trailed the $128.2 billion analysts expected, and adjusted EPS of $2.67 compared with $3.02 expected. The company also guided capital expenditures to $200 billion this year and $300 billion next year. The stock is down more than 10% year to date and trades close to its 52-week low. The author argues the business remains strong and that, at a forward price-to-earnings multiple of around 18 versus about 19 for the average S&P 500 stock, Alphabet looks undervalued.
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $3.5T |
| Close on 11/02/2026 | 278.99 |
| Change that session | -0.30% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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